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Seafood magnate John Risley's firm owes more than US$776 million: court documents

CFFI Ventures, led by John Risley, owes over US$776 million and proposes creditors form AcquireCo. to assume debt and assets for financial sustainability.

Summary by City News
ST. JOHN’S — An Atlantic Canadian investment firm run by seafood magnate John Risley is facing a multimillion-dollar lawsuit and a change in ownership as the business owes more than US$776 million, court documents show. A news release Tuesday said CFFI Ventures Inc. had submitted a plan in Nova Scotia Supreme Court to transfer its […]

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City News broke the news in Toronto, Canada on Wednesday, February 18, 2026.
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